Afcons Infrastructure Limited

Company Profile
Company Name Afcons Infrastructure Limited
Open Date 25-10-2024
Close Date 29-10-2024
Exchange BSE, NSE
Lot Size 32 Shares
Issue Price ₹440 to ₹463 per share
Issue Size 11,72,78,618 shares
Application Amount ₹ 14,816 – ₹ 1,92,608 (32 to 416 shares)
Recommendation Apply

The company originally began their operations as a civil construction company in 1959 was originally formed and incorporated as “Rodio Foundation Engineering Limited and Hazarat & Company” in Mumbai, Maharashtra. Subsequently, the name was changed to Afcons Infrastructure Limited and was incorporated on Aug 14, 1996. The company is engaged in infrastructure, engineering and construction of marine and industrial, surface transport, urban infrastructure, hydro and underground and oil and gas. The company had 3,972 permanent employees and 26,920 contract labourers as of June 30, 2024.

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Financial Summary in Cr

KPI’s FY 22 FY 23 FY 24
Revenue 11,018.9 12,637.4 13,267.5
EBITDA 936.07 1,310.61 1,365.02
Net Profit 357.61 410.86 449.74
RoCE 10.10% 13.87% 13.70%
ROE 13.19% 12.94% 12.51%
P/E 44.14 38.39 35.08

Tentative Timeline

Opening Date 25/10/2024
Closing Date 29-10-2024
Basis of Allotment 30-10-2024
Initiation of Refunds 31-10-2024
Credit of Shares to Demat 31-10-2024
Listing Date 04-11-2024

Objects of the Issue

Capital expenditure towards purchase of construction equipment
Funding long term working capital requirements
Repayment/prepayment, in full or part, of certain borrowings availed by the Company
General Corporate Purposes

Contact Information

Registered Office Afcons Infrastructure Limited Afcons House, 16 Shah Industrial Estate, Veera Desai Road Andheri (West), Mumbai- 400053
Phone 022 67191214
Email gaurang@afcons.com
Website https://www.afcons.com/en

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270
Email afconsinfrastructure.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

Anchor Investor Shares Offered 3,50,21,597 (36.35%)
QIB Shares Offered 23,47,733 (2.44%)
Retail Shares Offered 4,08,58,531 (42.41%)
NII (HNI) Shares Offered 1,75,10,799 (18.18%)
Employee Shares Offered 5,96,659 (0.62%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.00%
Share Holding Post Issue (Promoters) 67.18%

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